Recommendations for March 2, 2007 - The BombThe Bomb
Martinrea International Inc.
Stock Downgraded Due to Price Appreciation and Deteriorating Sector Fundamentals
Price (1-Mar)
$12.65 52-Week High $13.47
Target Price
$10.50 52-Week Low $6.01
P. Sklar
CIBC Q1/07 Earnings – Another Brick in the Wall
Price (1-Mar)
$100.52 52-Week High $104.63
Target Price
$110.00↑ 52-Week Low $100.52
I. de Verteuil
National Bank
Q1/07 Earnings – Broad Based Improvements
Price (1-Mar)
$64.71 52-Week High $66.80
Target Price
$71.00↑ 52-Week Low $55.89
I. de Verteuil
Bank of Montreal
Q1/07 Earnings – Earnings Up, Valuation Down
Price (1-Mar)
$70.11 52-Week High $72.54
Target Price
$70.00 52-Week Low $58.58
I. de Verteuil
Talisman Energy Inc.
Growth Challenges
Price (1-Mar)
$19.79 52-Week High $23.10
Target Price
$22.00 52-Week Low $16.12
R. Ollenberger
LionOre Mining International
Q4/06 Below Forecast on Delayed Shipments; Q1/07 Estimates Increased Due to Revised Sales Schedule
Price (28-Feb)
$15.70 52-Week High $17.07
Target Price
$20.00 52-Week Low $4.62
V. Lazarovici
Novelis Inc.
Adjusted Q4/06 Results Below Expectations; Estimates Fine-Tuned
Price (1-Mar)
$43.93 52-Week High $44.40
Target Price
$44.00 52-Week Low $18.12
V. Lazarovici
Vermilion Energy Trust
2006 Results and Reserves
Price (1-Mar)
$31.70 52-Week High $37.99
Target Price
$34.50 52-Week Low $29.10
G. Tait
Legacy Hotels REIT Sale of REIT More Likely; Target Increased to $16
Price (1-Mar)
$13.21 52-Week High $13.21
Target Price
$16.00↑ 52-Week Low $7.19
K. MacIndoe
Bear Ridge Resources Ltd.
2006 Reserve Report; Uncertainty Remains
Price (1-Mar)
$1.33 52-Week High $5.95
Target Price
$2.25↓ 52-Week Low $1.33
K. Porteous
Tundra Semiconductor
Q3/07: Concerns over Organic Growth and Operating Expenses
Price (1-Mar)
$10.26 52-Week High $18.80
Target Price
$14.00↓ 52-Week Low $10.26
B. Piccioni
Certicom Corp.
Q3/07: Royalty Revenue Weakness Undermines Earnings
Price (1-Mar)
$5.40 52-Week High $8.75
Target Price
$9.00 52-Week Low $4.71
D. Wright
March Networks Corp.
Life After Wal-Mart: Strong Pipeline, No Restructuring; Market Perform Rating Maintained
Price (1-Mar)
$11.34 52-Week High $41.74
Target Price
$12.00 52-Week Low $10.63
T. Moschopoulos
GMP Capital Trust
Strong Finish to the Year; Target Price Raised to $23
Price (1-Mar)
$22.21 52-Week High $28.75
Target Price
$23.00↑ 52-Week Low $17.20
A. Shah
Shiningbank Energy Income Fund
2006 Results; Operating Costs Challenges Lie Ahead
Price (1-Mar)
$13.29 52-Week High $26.18
Target Price
$14.00 52-Week Low $12.05
G. Tait
UE Waterheater Income Fund
Q4/06 Results Heat Up
Price (1-Mar)
$15.11 52-Week High $15.35
Target Price
$15.00↑ 52-Week Low $10.80
C. Bolton
AltaGas Income Trust
Q4/06 Results: Another Solid Quarter
Price (1-Mar)
$26.50 52-Week High $30.80
Target Price
$26.00 52-Week Low $21.55
C. Bolton
Amtelecom Income Fund
Q4/06 Results in Line; Special Committee Struck to Consider Offer
Price (1-Mar)
$13.59 52-Week High $13.95
Target Price
$13.00 52-Week Low $13.59
P. Rhamey
Husky Injection Molding
Q2/07 Preview
Price (1-Mar)
$5.81 52-Week High $6.90
Target Price
$5.50 * 52-Week Low $4.30
B. Powell